Power Risk Manager

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. 

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. 

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.  

We are currently looking for a Power Risk Manager. This position will report to the Director of Risk Management and be responsible for performing daily risk monitoring of our trading portfolios and assisting in the ongoing development and enhancement of our risk management framework and tools for our Power business.     

Core Responsibilities:  

• Work with Power trading business to parameterize their specific risks and monitor and measure trading activity
• Define, establish and maintain risk frameworks for various trading strategies
• Monitor daily trading activity according to established risk limits and assess risk exposures
• Communicate risk-related information to Traders/Portfolio Managers
• Provide risk-related reporting to senior management
• Help advance robust approaches to risk management, including defining, building and using the necessary tools and reporting
• Actively research and stay current on market dynamics, risk factors and real-world drivers of portfolio performance and risk

 Required Experience and Skills:   

• Bachelor's degree required in math, science, or engineering; advanced degree in quantitative fields desirable
• Power ISO/RTO location market and product familiarity
• Previous risk management experience required; previous trading experience preferred
• Experience in risk managing larger FTR portfolios
• Experience in building FTR constraint level risk framework
• Must have strong quantitative background and substantial data analysis experience
• Previous experience using tools such as SQL, VBA, Python or R for data analysis and modeling; programming background helpful
• Preferred experience using power analytics platforms
• Must be proactive and able to work independently
• Must have excellent written and verbal communications skills
• Sound judgment and strong analytical skills essential

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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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